Thursday, July 23, 2009

Internet banking solutions for small business.

For small business, anything to help them save time and money in the process, is welcome news today more than ever. With that in mind, not having to make the daily trip to the local branch for a deposit, is a breath of fresh air. Thanks to the Internet, bank deposits can now be made by small business owners without setting foot in a branch.
The basic tools needed to make remote deposits are: a PC, an Internet connection, and a scanner.
When it comes down to the scanner, different systems have various requirements. While most systems require a specialized scanner, more and more systems only ask for a multi use scanner or even a camera phone.
The service is not free, and range in prices from $25 to $80 a month. But some banks offer a discount when the service is bundled with other offerings.
Beyond just check deposits, some banks offer software that go further by combining other functions like entering the scanned data into the small business accounting system.
To qualify to these services, small business will need to have good credit history and a healthy relationship with their financial institutions.

For more, see WSJ.com

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